#austerity

It appears - because it has been the case for twenty years - that every problem is solvable...that no matter how badly the world economy slumps there is a pain-free way out of it. Once the realization dawns that there is not, and that the pain will be severe, the question is posed that has not really been posed for twenty years: who should feel it? ↗

— Paul Mason

#capitalism #economics #age

Past experience with fiscal austerity at home and overseas strongly suggests that it is best for the economy's long-run performance to restrain government spending rather than raise taxes. ↗

— Mark Zandi

#best #economy #experience #fiscal #government

Deficits must be cut, yes, but the rush to austerity risks undermining the fragile global recovery. ↗

— Alistair Darling

#cut #deficits #fragile #global #must

There is no austerity equal to a balanced mind, and there is no happiness equal to contentment; there is no disease like covetousness, and no virtue like mercy. ↗

— Chanakya

#balanced #contentment #covetousness #disease #equal

The seminaries must be like the churches' poor relations, prolonging their existence with austerity. ↗

— Abraham Kuyper

#churches #existence #like #must #poor

The more we can do to address fiscal austerity, the better our markets will do, and there is a real political shift to doing that. ↗

— Meredith Whitney

#austerity #better #doing #fiscal #markets

Joyce for all his devotion to his art, terrible in its austerity, was a lad born with a song on one side of him, a dance on the other; two gay guardian angels every human ought to have. ↗

— Sean O'Casey

#art #austerity #born #dance #devotion

In the U.S. the powerful critics of austerity such as Paul Krugman and Robert Reich rightly identify the decline of 'labor' as a problem, and renewing trade unionism part of the solution. Our opportunity is to make the same case in the UK. ↗

— Frances O'Grady

#case #critics #decline #identify #labor

Never has a strong, responsible trade union movement been so needed. With austerity policies biting hard and with no evidence that they are working, people at work need the TUC to speak up for them now more than ever. ↗

— Frances O'Grady

#been #biting #ever #evidence #hard

The TUC's new slogan 'a future that works' sets a profound challenge. Austerity and rapid deficit reduction is failing in its own terms, but even at its best it is short-sighted, muddle-through politics with no vision of a new economic model. ↗

— Frances O'Grady

#best #challenge #deficit #deficit reduction #economic